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Brent Crude Oil Seasonality

Historical month-by-month and year-by-year returns

Based on 20 calendar years of monthly closes, starting 2007.

By Month

MonthAverageMedian% PositiveBestWorst
January+3.0%+3.8%63%+17.3%8.3%
February+3.5%+3.0%63%+18.3%13.1%
March+2.0%+2.1%67%+10.1%5.0%
April+5.0%+5.7%71%+61.3%50.0%
May+0.7%1.9%44%+39.8%19.3%
June+0.8%+2.7%69%+16.5%20.8%
July+2.0%+3.5%59%+23.6%17.9%
August0.3%1.4%33%+17.1%12.3%
September1.1%1.2%44%+9.9%13.9%
October1.8%1.5%41%+14.5%33.5%
November4.8%1.5%44%+10.5%22.2%
December+0.3%+0.2%50%+38.3%24.8%

By Calendar Year

YearReturn
202516.6%
20245.3%
202310.3%
2022+10.5%
2021+50.2%
202017.0%
2019+16.0%
201819.2%
2017+18.7%
2016+50.6%
201447.7%
20131.3%
2011+13.3%
2010+21.6%
200851.4%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.